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SHPNF Shoal Point Energy Ltd (PK)

0.0289
0.00 (0.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Shoal Point Energy Ltd (PK) USOTC:SHPNF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0289 0.0014 0.04 0.00 21:01:38

Shoal Point Energy Announces Non Brokered Private Placement

24/09/2013 9:59pm

OTC Markets





Shoal Point Energy Announces Non Brokered Private Placement


Shoal Point Energy Announces Non Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 24, 2013) - Shoal Point Energy Corp. (CNSX:SHP)(OTCQX:SHPNF) today announced a non-brokered Private Placement of up to 60 million Units at a price of $0.05 per unit for gross proceeds of up to $3 million. Each unit will consist of one share and one share purchase warrant. Each warrant is exercisable at a strike price of $0.06 with an expiry on the second anniversary of the date of closing of the transaction.


Proceeds of the private placement will be used for general working capital.


The Company also announced a non-brokered private placement of up to 3 million flow-thru units at a price of $0.05 per unit for gross proceeds of up to $150,000.00. Each unit will consist of one flow-thru share and one-half of a share purchase warrant. Each full warrant is exercisable at a strike price of $0.06 with an expiry on the second anniversary of the date of closing of the transaction.


Proceeds of the flow-thru private placement will be used for Qualifying Canadian Exploration Expenses.


The private placement is subject to regulatory acceptance and approval.


On behalf of the Board of Directors,


Mark Jarvis, CEO


Shoal Point Energy Corp.








Shoal Point Energy Corp.
Lindsay MacLeod
416-637-2181 ext. 316
info@shoalpointenergy.com









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